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I remember all the threads a while back on HPC predicting that the vast swathes of high-rise flats being built now (in cr@p loations, ie next to motorway, busy railway line, etc) would be the council housing tower blocks of the future. And lo and behold, what do we have in today's Telegraph but exactly that:


Now that buy-to-let has slowed, interest rates are higher and transactions are at their lowest figure since 1974, developers are left with huge projects on their hands. Following Gordon Brown's cancellation of Sipps benefits on residential property last week, the expected flow of eager investors has effectively been plugged.

"There isn't much developers can do," says Richard Donnell, research director at Hometrack. "They can spend more on marketing, offer incentives, cut prices, grin and bear it. The other thing we will see is that they will go back to change the planning permission to 100 per cent affordable housing, and then sell on to a housing association."

I wonder if all those "investors" who paid hundreds of thousands of pounds for these "luxury"( :rolleyes: ) flats will be happy about being social landlords. Welcome to the council estate of the future! (uncannily reminiscent of the high-rise council estates of the 60's and 70's: brave new world, cities in the sky, etc)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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